Equities analysts expect John Bean Technologies Corp (NYSE:JBT) to post earnings per share (EPS) of $1.35 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for John Bean Technologies’ earnings. The lowest EPS estimate is $1.28 and the highest is $1.43. John Bean Technologies posted earnings of $1.10 per share during the same quarter last year, which indicates a positive year over year growth rate of 22.7%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 25th.
On average, analysts expect that John Bean Technologies will report full-year earnings of $4.03 per share for the current fiscal year, with EPS estimates ranging from $3.99 to $4.10. For the next financial year, analysts anticipate that the business will report earnings of $4.53 per share, with EPS estimates ranging from $4.30 to $4.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow John Bean Technologies.
John Bean Technologies (NYSE:JBT) last released its earnings results on Wednesday, October 31st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.05). The company had revenue of $481.90 million during the quarter, compared to analysts’ expectations of $489.81 million. John Bean Technologies had a net margin of 4.43% and a return on equity of 26.58%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share.
A number of research analysts recently issued reports on the company. ValuEngine lowered John Bean Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. JPMorgan Chase & Co. downgraded John Bean Technologies from a “neutral” rating to an “underweight” rating and set a $88.00 price target for the company. in a report on Friday, September 21st. Zacks Investment Research downgraded John Bean Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. BMO Capital Markets lifted their price target on John Bean Technologies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, July 31st. Finally, TheStreet raised John Bean Technologies from a “c+” rating to an “a-” rating in a report on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $106.14.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Midwest Bank Trust Division lifted its holdings in John Bean Technologies by 11.9% during the 2nd quarter. First Midwest Bank Trust Division now owns 4,662 shares of the industrial products company’s stock worth $414,000 after buying an additional 494 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in John Bean Technologies by 3.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 13,260 shares of the industrial products company’s stock worth $1,179,000 after buying an additional 500 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in John Bean Technologies by 1.6% during the 2nd quarter. Wasatch Advisors Inc. now owns 32,100 shares of the industrial products company’s stock worth $2,854,000 after buying an additional 502 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in John Bean Technologies by 8.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,847 shares of the industrial products company’s stock worth $609,000 after buying an additional 510 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of John Bean Technologies by 13.0% during the second quarter. Amalgamated Bank now owns 5,117 shares of the industrial products company’s stock worth $455,000 after purchasing an additional 588 shares in the last quarter.
NYSE:JBT opened at $90.39 on Tuesday. The firm has a market capitalization of $3.20 billion, a P/E ratio of 29.16, a P/E/G ratio of 1.56 and a beta of 1.18. John Bean Technologies has a 12-month low of $84.81 and a 12-month high of $123.90. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 1.06.
About John Bean Technologies
John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing solutions, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.
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